BondBloxx Bloomberg One Year Target Duration US Treasury ETF (NYSEARCA:XONE) Sees Large Drop in Short Interest

BondBloxx Bloomberg One Year Target Duration US Treasury ETF (NYSEARCA:XONE) was the target of a large decline in short interest in January. As of January 30th, there was short interest totaling 20,553 shares, a decline of 87.2% from the January 15th total of 160,545 shares. Approximately 0.1% of the shares of the stock are short sold. Based on an average trading volume of 133,732 shares, the days-to-cover ratio is presently 0.2 days. Based on an average trading volume of 133,732 shares, the days-to-cover ratio is presently 0.2 days. Approximately 0.1% of the shares of the stock are short sold.

Institutional Investors Weigh In On BondBloxx Bloomberg One Year Target Duration US Treasury ETF

A number of hedge funds have recently added to or reduced their stakes in the stock. Jane Street Group LLC acquired a new position in shares of BondBloxx Bloomberg One Year Target Duration US Treasury ETF during the first quarter worth approximately $1,863,000. Ameritas Advisory Services LLC bought a new position in BondBloxx Bloomberg One Year Target Duration US Treasury ETF in the 2nd quarter worth approximately $27,000. Brookstone Capital Management bought a new position in BondBloxx Bloomberg One Year Target Duration US Treasury ETF in the 2nd quarter worth approximately $215,000. LifeWealth Investments LLC lifted its holdings in BondBloxx Bloomberg One Year Target Duration US Treasury ETF by 17.7% during the 2nd quarter. LifeWealth Investments LLC now owns 5,374 shares of the company’s stock worth $267,000 after buying an additional 809 shares in the last quarter. Finally, Strait & Sound Wealth Management LLC boosted its position in BondBloxx Bloomberg One Year Target Duration US Treasury ETF by 10.2% in the 2nd quarter. Strait & Sound Wealth Management LLC now owns 80,700 shares of the company’s stock valued at $4,005,000 after buying an additional 7,473 shares during the last quarter. Institutional investors own 47.99% of the company’s stock.

BondBloxx Bloomberg One Year Target Duration US Treasury ETF Stock Up 0.0%

XONE stock traded up $0.01 during midday trading on Tuesday, reaching $49.55. 64,580 shares of the company’s stock traded hands, compared to its average volume of 111,984. The company has a 50-day simple moving average of $49.58 and a two-hundred day simple moving average of $49.58. BondBloxx Bloomberg One Year Target Duration US Treasury ETF has a 1-year low of $49.40 and a 1-year high of $49.78. The company has a market cap of $716.99 million, a price-to-earnings ratio of -52.71 and a beta of 0.08.

BondBloxx Bloomberg One Year Target Duration US Treasury ETF Increases Dividend

The firm also recently announced a monthly dividend, which was paid on Thursday, February 5th. Stockholders of record on Monday, February 2nd were paid a $0.1693 dividend. This represents a c) dividend on an annualized basis and a dividend yield of 4.1%. This is a boost from BondBloxx Bloomberg One Year Target Duration US Treasury ETF’s previous monthly dividend of $0.16. The ex-dividend date was Monday, February 2nd. BondBloxx Bloomberg One Year Target Duration US Treasury ETF’s dividend payout ratio is -225.53%.

BondBloxx Bloomberg One Year Target Duration US Treasury ETF Company Profile

The Bondbloxx Bloomberg One Year Target Duration US Treasury ETF (XONE) is an exchange-traded fund that mostly invests in investment grade fixed income. The fund is passively managed to invest in a portfolio of US Treasury securities with a target duration of one year. XONE was launched on Sep 13, 2022 and is managed by BondBloxx.